The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 71,000 $ 61,000 $ 102,000 Cost of goods sold 38,000 29,000 68,200 Depreciation expense 10,600 2,600 26,600 Salaries
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Based on the following information, which of these statements is false? Time Period 1st Quarter 2nd Quarter 3rd QuarterBeginning finished goods (units) 5,000 4,000 12,000Projected sales units 50,000 40,000 120,000Desired ending finished goods
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